Published:
Vesdia Receives High Marks From Upromise; College Savings Pioneer Selects Leader in Merchant Network Services to Enhance Program
College Savings Leader Chooses Vesdia as Preferred Provider for Multi-Channel Merchant Network Services

Vesdia Corporation, the single largest provider
of multi-channel merchant networks and shopping
incentive services, announces today the company has been selected by
Upromise, a free online service that helps its members earn money for
college, as its new preferred provider of brick-and-mortar and catalog
merchant services. Vesdia will provide more ways to save through a
consistently expanding network of leading national, regional and local
brick-and-mortar merchants. Through the Vesdia network, Upromise members
can now earn money in their college savings account or pay down eligible
student loans when shopping at an increased assortment of new retailers,
and Vesdia merchant partners will be marketed through one of the most
coveted loyalty programs in the United States.
"Both companies have a legacy of offering consumers rich earning
opportunities, and this partnership will bring great value to Upromise
members while offering a very attractive customer base to our merchants,"
explains Jim Douglass, CEO of Vesdia. "With Upromise now offering the
combination of Vesdia's brick-and-mortar merchant partnerships and their
own vast shopping network, coupled with marketing and creative earning
channels, we both are poised to meet the need of all constituents:
consumers who want more rewards, merchants who want more sales, and the
program owner who wants to increase participation. We are proud to be a key
partner to Upromise in this effort."
As a result of its partnership with Vesdia, Upromise now offers members
access to new national brick-and-mortar merchants, catalogs, service
providers and restaurants. Members automatically earn by using their
Upromise credit card or other registered credit or debit cards with
participating merchants from Vesdia's network of stores such as:
-- 1 800 FLOWERS®
-- Ballard Designs
-- Gaiam Inc.
-- Golfsmith
-- Hammacher Schlemmer
-- Hearthsong®
-- Jos. A. Bank
-- Lobster Gram Inc.
-- Magic Cabin Dolls®
-- Plow and Hearth®
-- Sally Beauty
-- Sunglass Hut
"Upromise helps our 11 million members save for college by rewarding them
with money in a college savings account for their loyalty in shopping with
Upromise participating companies," says David Coppins, Senior Vice
President of Upromise. "Vesdia will help significantly expand
brick-and-mortar merchant participation, providing our members more savings
opportunities."
Vesdia's partnership with Upromise provides merchants a way to increase
sales and new customer acquisition through marketing to Upromise's member
base across multiple channels and touch points. Retailers can easily
extend their
pay-for-performance marketing from an online presence to their
brick-and-mortar and catalog sales channels through Vesdia's service
offerings.
About Vesdia
Vesdia Corporation is the single largest provider of partnership marketing
and multi-channel merchant network services. Through its leading
merchant-funded rewards programs and patent-protected technology, Vesdia
offers a full array of loyalty solutions to financial institutions,
affinity groups and merchants enabling customers to earn more meaningful
rewards faster. For more information, visit www.vesdia.com.
About Upromise
Launched in April 2001, today Upromise is a major, private source of
college funding contributions in America, with over 11 million members and
more than $500 million in member rewards. Membership is free and can help
families save money for college while making everyday purchases of products
and services at more than 21,000 grocery and drug stores, 10,000 gas
stations, 8,500 restaurants, as well as thousands of retail stores, and
over 700 online shopping sites. Upromise participating companies include
Bank of America, ExxonMobil Corporation, McDonald's®, JCPenney.com,
LandsEnd.com, Sears.com and hundreds of others. Upromise also makes it easy
for families to start their own college savings strategy through
tax-advantaged 529 college savings plans offered through Upromise
Investments, Inc. or by using Upromise contributions to help pay down
eligible student loans. Upromise is a wholly owned subsidiary of SLM
Corporation (NYSE: SLM), commonly known as Sallie Mae, the nation's leading
provider of
saving-and-paying-for-college programs. Upromise is headquartered in
Newton, Mass., and has more than 350 employees. For additional information,
visit
upromise.com.
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